Avkem International

Based in Tennessee, Avkem International, LLC is a leading U.S. producer of flux with a strong position in the national market. Over time, the business encountered several operational challenges, including the early closure of a facility and acquisitions that failed to integrate successfully. Turnaround initiatives led by the secured lender achieved limited results, leaving the company close to liquidation. Strategic evaluation determined that dividing the operations into two separate divisions—flux and refractory—would allow each to be marketed independently. Both divisions attracted competitive offers from different buyers that exceeded expectations, and the transactions were completed simultaneously, enabling daily business operations to continue without disruption.